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Suppose you buy a new car right now with the total expense equals $30,500.00. How much would you have needed to invest 28 years ago

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Suppose you buy a new car right now with the total expense equals $30,500.00. How much would you have needed to invest 28 years ago in an account paying 3% compounded annually to cover this amount? Multiple Choice 0 $13,330.84 O $14,663.93 $10,664.67 O $15,997.01

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